City Council:
AN ORDINANCE ADOPTING THE CITY OF
MOUNT VERNON FINANCE POLICY AND
PROCEDURES DOCUMENT AND RELATED
FINANCIAL MANAGEMENT POLICIES
(COMP2026-06)
Whereas, by correspondence dated April 15, 2026, the Comptroller formally requested authorization for the City Council to adopt the Finance Policy and Procedures Document for the City of Mount Vernon, as submitted by the Office of the Comptroller, which shall establish the governing framework for the City's financial management operations; and
Whereas, pursuant to Section 91 of the Mount Vernon City Charter, the City Comptroller is charged with the supervision of the City's financial affairs and is authorized to establish rules, regulations, and general practices governing the organization and administration of fiscal operations; and
Whereas, such authority includes the responsibility to define financial roles, responsibilities, and levels of authority applicable to City staff and elected officials to ensure proper fiscal management; and
Whereas, the City Council previously authorized the Office of the Comptroller to collaborate with the City's financial advisors and external consultants to develop and strengthen the City's financial policy framework; and
Whereas, interim financial procedures were implemented to ensure continuity of operations and safeguard public funds during the development of comprehensive financial policies; and
Whereas, the City has previously adopted and continues to maintain certain foundational financial policies, including the Investment Policy, Fund Balance Policy, Debt Management Policy, and Travel and Expense Policy; and
Whereas, the Comptroller has now recommended the formal adoption of a comprehensive Finance Policy and Procedures Document, along with additional supporting policies designed to strengthen internal controls, enhance transparency, and improve financial accountability; and
Whereas, these proposed policies include, ...
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